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Banco do Brasil reviewing partial sales of Banco Votorantim, Banco Patagonia

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Banco do Brasil reviewing partial sales of Banco Votorantim, Banco Patagonia

* Banco do Brasil SAis considering sellingoff part of its ownership stakes in BancoVotorantim SA and BancoPatagonia SA in an effort to strengthen its capital, Valor Econômico reported. The bank has yetto make a final decision regarding the possible stake sales, which are part of awider review of Banco do Brasil's investment portfolio.

MEXICO ANDCENTRAL AMERICA

* Mexico'splan to dismiss educators for failing new evaluations could hit local Crédito Real S.A.B. de C.V. Sociedad Financiera de Objeto Múltiple E.R.,Bloomberg News reported. Crédito Real's payroll loans to federal and state educationworkers comprise 50.1% of its total loan portfolio, and the government's plan couldresult in rising delinquency rates, according to S&P Global Ratings analystIngrid Ortiz.

* S&P GlobalRatings revised its outlookon Honduras to positive from stable. S&P also affirmed the country's long- andshort-term sovereign credit ratings at B+ and B, respectively, and its transferand convertibility assessment at BB-. The revision reflects sustained fiscal improvementand favorable economic growth that could improve Honduras' fiscal flexibility overthe next two years, S&P said.

* In a lettersent to El Economista, Rafael Muñoz Martínez,a businessman interested in investing in the restructuring of financial companyAlta Grupo, argued that the recent arrest of one of the company's leaders was illegal.As a result he has broken off dialogue with a committee representing 51% of the4.2 billion Mexican pesos in Alta Grupo debt.

* Virgilio Andrade resignedas head of Mexico's Public Administration Ministry, the anti-corruption auditor,Reuters reported. Andrade said he resigned in order to better enable Mexico's newanti-corruption system to be implemented.

BRAZIL

* A newprovisional measure in Brazil that will allow for the use of up to 10% of the employeeindemnity guarantee fund as collateral for payroll-backed loans is for Brazilian banks, Moody'ssaid. The collateral mitigates the risk of loan losses in the event of layoffs,and loan volume should increase as a result, according to the rating agency.

* will increasefinancing for residential buildings geared toward wealthier individuals as it looksto gain market share in a more profitable part of the real estate market, Folha de S. Paulo reported.The state-run bank will double the maximum value of properties it can finance to3 million reais. It also is raising its maximum loan-to-value ratios to 80% fornew buildings and 70% for existing ones.

* Under newCEO Maria Silvia Bastos Marques, BancoNacional de Desenvolvimento Econômico e Social is placing a greaterpriority on loans to private-public partnerships and smaller businesses, BloombergNews reported. Critics had argued that the company's previous focus on lending tolarger companies under former CEO Luciano Coutinho had spurred credit market distortionsand greater liabilities.

ANDEAN

* WesternUnion Business Solutions, the payment services company, has struck a multiyear partnershipdeal with Colombia's Manentia, La Republicareported.The partnership aims to provide increased access to international payment servicesto Manentia's banking clients.

* S&P GlobalRatings upgraded 's corporate creditrating to BB+ from BB, following a revision of its financial risk profile assessmentto modest from intermediate. The outlook remains stable. Intercorp Perú is the parentcompany of Intercorp Financial ServicesInc.

* Data fromColombia's Superfinanciera showed that returns for pensionfunds increased 111.2% at the end of May compared to the year-ago period. JorgeLlano, director of economic studies at Asofondos, said that the results reflectthe strong performance of the local market this year, according to La Republica.

SOUTHERNCONE

* An Argentine federal judge orderedfrozen the assets of Grupo Indaloowner Cristóbal López and partner Fabián de Sousa, including their substantial stakein Banco Finansur SA.In a statement, Banco Finansur said the measure should not affect its day-to-dayoperations or its capacity to meet its obligations.

* In the coming weeks, Argentina's central bank will removea limitation that prevents an individual or business from acquiring more than 5million U.S. dollars on the local stock exchange per month, according to La Nación. The move to ease dollar purchaselimits comes as part of an effort to bolster imports.

* Cronista reportedthat major credit card operators in Argentina have started to lower their interestrates following a drop in the benchmark Lebac rate. First Data showed a drop of1% to 4% in the annual interest rate charged.

* Banco Santander Río SAsaid it opened a branchin the city of Concordia, its 545th branch in Argentina.

PAN LATINAMERICA

Julius Bär GruppeAG said this morning that it plans to lowerits number of regional business units to five from six as part of an organizationrestructuring taking effect in September. The five regions are Switzerland, Europe,Emerging Markets, Latin America and Asia Pacific. The company also appointed NicDreckmann to be its new COO.

IN OTHERPARTS OF THE WORLD

Asia-Pacific: Bank of East Asiato oppose Elliott suit; MAS probes banks over 1MDB

Middle East and Africa: EmiratesNBD, Al Rajhi Bank Q2 profits rise YOY; Morocco seeks return to African Union

Europe:

North America:Goldman reports its bottomline; GOPhopes to bring back Glass-Steagall

S&P GlobalRatings and S&P Global Market Intelligence are owned by S&P Global Inc.

Paula Mejiacontributed to this article.

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